U.S. Users Gain Access to DEX Features as Coinbase Moves Toward All-in-One Crypto App

Coinbase Launches DEX Trading in U.S. as Part of ‘Everything App’ Strategy

Coinbase (COIN) has introduced on-chain decentralized exchange (DEX) trading to its U.S. platform, excluding New York, as the crypto firm continues its push to become a one-stop hub for digital asset activity.

The new feature enables users to execute trades via DEX aggregators like 0x and 1inch, sourcing liquidity from protocols such as Uniswap and Aerodrome. Max Branzburg, VP of Product at Coinbase, said the integration allows users to access decentralized markets directly through the Coinbase app without moving funds off-platform.

At launch, the offering includes trading for a selection of Base-native tokens, such as those from Virtuals AI Agents, Reserve Protocol’s decentralized tokenized funds (DTFs), SoSo Value index tokens, Auki Labs, and Super Champs.

By adding DEX capabilities, Coinbase is positioning itself as a bridge between centralized and decentralized markets. The move comes amid growing interest in self-custody and permissionless trading—key features of DEX platforms that eliminate the need for intermediaries, though not without smart contract risks and liquidity challenges.

The rollout also reflects the growing momentum behind decentralized trading. According to DeFiLlama, daily DEX volumes have reached $12.8 billion, far outpacing Coinbase’s $3.5 billion. Monthly decentralized volumes now top $407 billion.

Coinbase’s move follows the rise of decentralized platforms like HyperLiquid, which recently surpassed $11 billion in monthly trading volume, further underscoring demand for non-custodial alternatives following the 2022 collapse of centralized exchange FTX.